Can I retire at age 80 with 7,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $7,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$578,053$572,904$567,881$562,978$558,190$545,805
2 years$286,165$280,836$275,670$270,662$265,805$253,391
3 years$188,882$183,529$178,377$173,416$168,637$156,583
4 years$140,249$134,913$129,813$124,936$120,274$108,672
5 years$111,078$105,774$100,740$95,963$91,430$80,313
6 years$91,636$86,372$81,413$76,743$72,346$61,725
7 years$77,755$72,535$67,655$63,094$58,836$48,714
8 years$67,349$62,176$57,376$52,928$48,810$39,183
9 years$59,259$54,135$49,418$45,083$41,105$31,965
10 years$52,792$47,718$43,084$38,862$35,024$26,362
11 years$47,503$42,480$37,930$33,822$30,122$21,926
12 years$43,099$38,128$33,662$29,666$26,103$18,361
13 years$39,376$34,457$30,075$26,191$22,762$15,460
14 years$36,187$31,320$27,023$23,249$19,953$13,076
15 years$33,426$28,611$24,398$20,734$17,568$11,100
16 years$31,013$26,250$22,120$18,565$15,527$9,453
17 years$28,885$24,176$20,128$16,681$13,767$8,070
18 years$26,996$22,339$18,375$15,033$12,241$6,905
19 years$25,308$20,704$16,821$13,583$10,911$5,918
20 years$23,791$19,239$15,438$12,302$9,746$5,081
21 years$22,420$17,921$14,200$11,165$8,721$4,368
22 years$21,175$16,728$13,087$10,152$7,817$3,759
23 years$20,040$15,645$12,084$9,245$7,017$3,238
24 years$19,001$14,659$11,175$8,432$6,307$2,791
25 years$18,047$13,757$10,351$7,701$5,676$2,408
26 years$17,168$12,929$9,600$7,041$5,112$2,079
27 years$16,355$12,168$8,914$6,445$4,609$1,795
28 years$15,601$11,466$8,287$5,905$4,159$1,551
29 years$14,901$10,816$7,712$5,415$3,756$1,341
30 years$14,249$10,215$7,183$4,970$3,393$1,160
31 years$13,640$9,657$6,697$4,564$3,068$1,003
32 years$13,070$9,137$6,248$4,195$2,775$868
33 years$12,536$8,653$5,834$3,857$2,512$751
34 years$12,034$8,201$5,451$3,549$2,274$650
35 years$11,562$7,779$5,096$3,267$2,060$563
36 years$11,118$7,383$4,767$3,009$1,866$487
37 years$10,698$7,012$4,462$2,772$1,691$422
38 years$10,301$6,664$4,179$2,555$1,533$365
39 years$9,926$6,337$3,915$2,356$1,390$316
40 years$9,570$6,029$3,669$2,173$1,261$274
41 years$9,233$5,739$3,441$2,005$1,144$237
42 years$8,912$5,466$3,228$1,850$1,038$206
43 years$8,607$5,208$3,029$1,708$942$178
44 years$8,317$4,964$2,843$1,577$855$154
45 years$8,041$4,734$2,669$1,457$776$134
46 years$7,777$4,516$2,507$1,345$705$116
47 years$7,525$4,309$2,355$1,243$640$100
48 years$7,285$4,114$2,213$1,149$581$87
49 years$7,055$3,928$2,080$1,062$528$75
50 years$6,834$3,753$1,956$981$480$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $7,000,000, adding $5,107 every year, while hoping to spend $25,217 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 34/44/22 Blend
79$7,000,000$7,000,000$7,000,000$7,000,000
80$7,719,268$7,348,268$7,239,768$7,929,693
81$8,479,803$7,681,502$7,455,469$8,419,543
82$9,317,066$8,030,220$7,677,552$8,944,752
83$10,238,860$8,395,153$7,906,202$9,510,612
84$11,253,776$8,777,069$8,141,613$10,120,740
85$12,371,287$9,176,771$8,383,983$10,779,102
86$13,601,827$9,595,101$8,633,515$11,490,043
87$14,956,895$10,032,943$8,890,419$12,258,325
88$16,449,162$10,491,221$9,154,912$13,089,173
89$18,092,591$10,970,904$9,427,215$13,988,316
90$19,902,565$11,473,009$9,707,557$14,962,039
91$21,896,040$11,998,600$9,996,174$16,017,239
92$24,091,697$12,548,792$10,293,306$17,161,487
93$26,510,122$13,124,755$10,599,204$18,403,092
94$29,174,000$13,727,713$10,914,123$19,751,176
95$32,108,329$14,358,952$11,238,327$21,215,760
96$35,340,655$15,019,817$11,572,087$22,807,847
97$38,901,332$15,711,719$11,915,683$24,539,524
98$42,823,810$16,436,135$12,269,400$26,424,073
99$47,144,949$17,194,616$12,633,535$28,476,086
100$51,905,367$17,988,785$13,008,392$30,711,601